However, the industry expects to encounter greater difficulties in the coming months, exacerbated by the seventh lunar month, which began on August 19 and is traditionally considered taboo by most Vietnamese for spending large sums of money on purchasing real estate and cars. As demand shrinks, caused by both psychological fear and the difficult economic situation, automobile brands are left with little choice other than providing discounts to help push up sales and maintain market share. … [Read more...] about Vietnam auto market rolls out huge discounts
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Best to keep the focus at home
Five people died and 85 were arrested afterwards, with the stolen House podium going on sale on e-Bay. People who broke in made no effort to cover their faces, instead looking confidently into cameras while sitting in chambers and offices and waving flags. … [Read more...] about Best to keep the focus at home
VIETNAM BUSINESS NEWS JANUARY 17
Amid the COVID-19 pandemic, the effort to preserve the industry’s OTP rate at 90.9 per cent, up 4.5 per cent compared to the same period in 2019, is a bright signal of service improvement by domestic firms. In addition, thanks to Viet Nam's effective control over the pandemic, the domestic aviation industry has shown its ability to recover quickly. As in December 2020, the total number of flights across the industry has reached nearly 20,000, only 34 per cent less than the same period a year earlier. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 17
US won’t impose tariffs or sanctions on Việt Nam’s exports
According to the ministry, immediately after the report’s release, Myron Brilliant, executive vice president of the US Chamber of Commerce, announced the US business community welcomed the news that the Trump administration will not impose tariffs on goods from Việt Nam. … [Read more...] about US won’t impose tariffs or sanctions on Việt Nam’s exports
HCMC encourages environment projects
A waste-burning facility at the Gò Cát landfill in HCM City’s Bình Chánh District. VNS File Photo. Viet Nam News HCM CITY — HCM City has called for investment in environmental protection projects from now through 2025 and announced incentives for such investment as it seeks to resolve certain problems soon. … [Read more...] about HCMC encourages environment projects